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Bitcoin mining company Core Scientific (CORZ) released its 2026 first-quarter earnings report showing total revenue of $115.2 million for the quarter, up 45% year over year; gross profit of $30.1 million, well above $8.2 million in the same period last year. Among them, hosting business revenue surged from $8.6 million in the same period last year to $77.5 million, while self-mining revenue fell to $30.1 million due to strategic repositioning and a decline in the cryptocurrency price. Despite the performance increase, the company still recorded a net loss of $347.2 million (net profit of $576.3 million in the same period last year), mainly due to $266.5 million in non-cash impairment charges and a $30.8 million loss related to changes in the fair value of warrants. The company’s stock price fell 7% after hours on Wednesday. (TheBlock)